Who Is Yi He, the Queen of Binance?

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.3 • 1.7K Ratings

🗓️ 2 January 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Binance is still the world’s largest crypto exchange, but last year was anything but tranquil at the firm. A yearslong federal investigation into Changpeng Zhao, its co-founder and then-CEO, resulted in Binance paying billions of dollars in fines and Zhao stepping down as CEO. He pleaded guilty to violating anti-money laundering laws and now faces possible prison time. But remaining at the company is Yi He, who is Binance’s co-founder, one of its largest shareholders and Zhao’s romantic partner. WSJ reporter Patricia Kowsmann joins host Alex Ossola to talk about He’s background and management style, and what that could mean for the future of Binance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Tech News Briefing. It's Tuesday, January 2nd. Happy New Year. I'm Alex
0:09.5	Ocala for the Wall Street Journal. On today's show, your holiday guests may be gone, but if you're anything
0:15.2	like me, your next round of visitors is already on the books. We'll hear about how tech can give
0:20.0	them a warm welcome and even help with the cleanup from W.S.J. contributor Perry Ormont Blumberg.
0:26.0	And then, the King of the World's largest crypto exchange may have fallen, but the Queen is still standing.
0:31.4	E. He H. H. Binance's co-founder and the former CEO's romantic partner is still working there.
0:37.0	W.S.J. reporter Patricia Kowsman joins us to talk about what HU's continued involvement could mean for the future of finance.
0:44.4	But first, if you had guests visiting over the holidays, was there stay, kind of a drag? Was their visit plagued with
0:54.8	lagging wacky Wi-Fi and challenging key handoffs with only mess and chaos left after they'd gone?
1:00.5	Well, maybe tech can help you host better.
1:03.0	W.S.J. contributor Perry Ormont Blumberg is here to tell us about some tech for before, during, and after guests come to stay.
1:10.0	Perry, let's talk about houseguess. What can people do before those guests arrive to just
1:17.3	make their house a little more ready and welcoming?
1:19.9	You know in speaking with a handful of experts for this piece I was most surprised by the fact that every single one the first thing they told me was make sure you change your Wi-Fi password one person told me an anecdote about how a couple who was meeting their spouse as
1:34.3	parents for the first time the girlfriend her Wi-Fi password was actually her
1:39.0	ex-boyfriend's name and love and sure enough when the new future in-laws to be asked for that
1:45.5	Wi-Fi password she had this awkward panic moment so go ahead and just make sure
1:50.0	that your Wi-Fi password isn't something that would make you cringe.
1:53.8	You can even set up a guest network so that they can log in on their own channel, or you can even
1:58.2	get a Wi-Fi hotspot.
2:00.0	They're affordable, they're safe, they're secure, and up to 16 people or so can log in at once so that
2:05.6	means that if you're on an important Zoom call for work they're not going to
	...

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